While preparing Cash Flow Statement what type of activity is, ‘Payment of Cash to acquire Debentures by an Investment company’? Post category:Accountancy Reading time:1 mins read SOLUTION Operating Activity. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhile preparing Cash Flow Statement, what type of activity is ‘Payment of Cash to acquire shares of another company by a trading company’? Next PostState how Cash Flow Statements are historical in nature? You Might Also Like State any one difference between Fixed Capital Accounts and Fluctuating Capital Accounts of partners. (Al 2014 C) October 7, 2022 Do you think that the loan by a partner is transferred to Realisation Account at the lime of dissolution of a firm? Why? September 27, 2022 Ajay, Binay and Chetan were partners sharing profits in the ratio of 3 : 3 : 2. The Partnership Deed provided for the following: (i) Salary of Rs. 2,000 per quarter to Ajay and Binay. (ii) Chetan was entitled to a commission of Rs. 8,000 (iii) Binay was guaranteed a profit of Rs. 50,000 p.a. The profit of the firm for the year ended 31st March, 2015 was Rs. 1,50,000 which was distributed among Ajay, Binay and Chetan in the ratio of 2 : 2 : 1, without taking into consideration the provisions of Partnership Deed. Pass necessary rectifying entry for the above adjustments in the books of the firm. Show your workings clearly. July 22, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State any one difference between Fixed Capital Accounts and Fluctuating Capital Accounts of partners. (Al 2014 C) October 7, 2022
Do you think that the loan by a partner is transferred to Realisation Account at the lime of dissolution of a firm? Why? September 27, 2022
Ajay, Binay and Chetan were partners sharing profits in the ratio of 3 : 3 : 2. The Partnership Deed provided for the following: (i) Salary of Rs. 2,000 per quarter to Ajay and Binay. (ii) Chetan was entitled to a commission of Rs. 8,000 (iii) Binay was guaranteed a profit of Rs. 50,000 p.a. The profit of the firm for the year ended 31st March, 2015 was Rs. 1,50,000 which was distributed among Ajay, Binay and Chetan in the ratio of 2 : 2 : 1, without taking into consideration the provisions of Partnership Deed. Pass necessary rectifying entry for the above adjustments in the books of the firm. Show your workings clearly. July 22, 2022
